Complete financial analysis of BIT Mining Limited (BTCM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of BIT Mining Limited, a leading company in the Information Technology Services industry within the Technology sector.
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BIT Mining Limited (BTCM)
About BIT Mining Limited
BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 150 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43.10M | 650.23M | 1.33B | 3.34M | 5.67M | 18.33M | 19.76M | 1.57M | 15.33M | 93.46M | 42.83M | 27.48M | 36.97M | 23.73M |
| Cost of Revenue | 40.06M | 669.72M | 1.33B | 2.57M | 8.49M | 11.63M | 8.13M | 2.04M | 3.75M | 8.69M | 4.59M | 2.96M | 3.89M | 3.32M |
| Gross Profit | 3.05M | -19.49M | 1.61M | 771.59K | -2.82M | 6.70M | 11.62M | -462.71K | 11.58M | 84.77M | 38.24M | 24.52M | 33.08M | 20.40M |
| Gross Profit Ratio | 7.07% | -3.00% | 0.12% | 23.11% | -49.69% | 36.54% | 58.84% | -29.40% | 75.54% | 90.70% | 89.28% | 89.23% | 89.49% | 85.99% |
| Research & Development | 874.00K | 3.67M | 3.16M | 30.20M | 48.61M | 61.91M | 68.34M | 71.60M | 63.30M | 59.40M | 28.69M | 26.57M | 19.57M | 9.30M |
| General & Administrative | 18.47M | 22.79M | 25.76M | 27.97M | 37.73M | 45.54M | 49.84M | 45.50M | 45.52M | 34.77M | 16.81M | 13.51M | 19.34M | 6.57M |
| Selling & Marketing | 153.00K | 633.00K | 951.00K | 2.56M | 6.07M | 13.44M | 11.79M | 6.47M | 13.40M | 28.03M | 13.96M | 7.34M | 8.35M | 2.15M |
| SG&A | 18.62M | 23.42M | 26.71M | 30.53M | 43.80M | 58.99M | 61.64M | 51.97M | 58.93M | 62.81M | 30.77M | 20.85M | 27.69M | 8.72M |
| Other Expenses | 8.75M | 4.86M | 12.65M | -30.76M | -49.09M | -6.25K | 125.75K | -82.43M | -69.25M | -75.93M | -43.36M | -31.19M | -27.50M | -13.43M |
| Operating Expenses | 28.24M | 31.94M | 42.51M | 29.97M | 43.32M | 56.78M | 65.37M | 51.85M | 58.01M | 60.14M | 28.35M | 20.11M | 26.43M | 8.09M |
| Cost & Expenses | 68.29M | 701.66M | 1.37B | 32.54M | 51.81M | 68.41M | 73.50M | 53.88M | 61.76M | 68.83M | 32.94M | 23.07M | 30.31M | 11.42M |
| Interest Income | 242.00K | 150.00K | 56.00K | 1.39M | 1.92M | 2.23M | 3.15M | 3.44M | 3.17M | 2.74M | 339.59K | 181.36K | 38.66K | 15.38K |
| Interest Expense | 0.00 | 218.00K | 775.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 329.34K | 57.39K | 892.21K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 12.57M | 34.77M | 21.55M | 7.75M | 11.30M | 9.30M | 6.05M | 2.84M | 1.78M | 1.66M | 1.40M | 165.34K | 607.80K | 518.95K |
| EBITDA | -12.82M | 590.00K | 300.00K | -15.60M | -64.49M | 12.64M | 1.20M | 2.73M | 6.91M | 28.32M | 14.56M | 5.60M | 7.30M | 12.83M |
| EBITDA Ratio | -29.74% | -6.47% | -2.71% | -723.31% | 2.89% | -156.55% | -257.07% | -3,109.29% | -282.49% | 29.28% | 23.88% | 20.38% | 19.75% | 54.07% |
| Operating Income | -25.19M | -182.86M | -40.91M | -29.20M | -11.13M | -71.87M | -53.74M | -52.31M | -46.43M | 24.10M | 9.89M | 3.38M | 6.65M | 12.31M |
| Operating Income Ratio | -58.45% | -28.12% | -3.08% | -874.59% | -196.30% | -392.09% | -272.01% | -3,323.90% | -302.76% | 25.79% | 23.09% | 12.31% | 18.00% | 51.88% |
| Total Other Income/Expenses | -191.00K | -159.02M | -64.23M | -6.37M | -1.98M | -84.06M | -54.12M | -32.66M | -50.39M | 9.19M | -9.65M | 181.36K | 38.66K | 15.38K |
| Income Before Tax | -25.38M | -172.64M | -61.75M | -34.40M | -92.48M | -71.43M | -50.32M | -29.22M | -43.48M | 26.61M | 4.91M | 3.56M | 6.69M | 12.33M |
| Income Before Tax Ratio | -58.89% | -26.55% | -4.65% | -1,030.25% | -1,630.34% | -389.68% | -254.67% | -1,856.41% | -283.51% | 28.47% | 11.47% | 12.97% | 18.10% | 51.95% |
| Income Tax Expense | 0.00 | 8.56M | -242.00K | -559.29K | -1.09M | -2.85M | -1.89M | 440.25K | 6.46M | 1.29M | -12.59M | 2.88M | 4.53M | 6.55M |
| Net Income | -28.71M | -181.20M | -61.51M | -33.84M | -91.39M | -65.66M | -48.57M | -28.75M | -49.89M | 25.32M | 17.50M | 679.77K | 2.16M | 5.77M |
| Net Income Ratio | -66.61% | -27.87% | -4.64% | -1,013.50% | -1,611.09% | -358.22% | -245.83% | -1,826.86% | -325.35% | 27.09% | 40.86% | 2.47% | 5.84% | 24.33% |
| EPS | -2.60 | -20.80 | -9.88 | -7.87 | -21.32 | -15.67 | -11.97 | -6.93 | -12.94 | 7.42 | 7.43 | 0.28 | 0.90 | 3.92 |
| EPS Diluted | -2.60 | -20.80 | -9.88 | -7.87 | -21.32 | -15.67 | -11.90 | -6.93 | -12.94 | 7.09 | 6.77 | 0.26 | 0.84 | 3.85 |
| Weighted Avg Shares Out | 11.02M | 8.71M | 6.22M | 4.30M | 4.29M | 4.19M | 4.06M | 4.15M | 3.86M | 3.40M | 2.38M | 2.40M | 2.40M | 2.40M |
| Weighted Avg Shares Out (Dil) | 11.02M | 8.71M | 6.22M | 4.30M | 4.29M | 4.19M | 4.08M | 4.15M | 3.86M | 3.58M | 2.60M | 2.57M | 2.57M | 2.44M |
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HONG KONG, Aug. 17, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the second quarter ended June 30, 2021. Cryptocurrency...
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HONG KONG, July 28, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading cryptocurrency mining enterprise, today announced that it has entered into a definitive purchase agreement (the "Purchase Agreement") to acquire 2,500 new...
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Source: https://incomestatements.info
Category: Stock Reports